Integration, not isolation, is the key to sustainable development in a world bound ever closely together by information and transportation networks. While trade with the U.S. remains strong, a post-TPP world will require Chile to build bridges with TPP stakeholders and new partners, such as China.

China’s experiments with industrial and financial policies may end up providing emerging economies with valuable insight into how to avoid the middle-income trap. But, for a US concerned with its eroding manufacturing base, the lesson is already apparent.

In March, two leading members of the Trump administration announced that China’s ZTE Corporation would pay the largest criminal fine in U.S. sanctions history. As long as North Korea’s military program tops the U.S. foreign policy agenda with China, economic sanctions aimed at punishing Chinese corporations may take a back seat to reaching a goal of increased Chinese pressure on the North Korean regime.

The Mar-a-Lago meeting between presidents Trump and Xi has started to generate concrete results, the recently announced trade agreement between the countries shows. However, the transactional approach risks leading to an impasse; it needs to be buttressed by more fundamental deals, such as the US-China Bilateral Investment Treaty.

China-US economic and trade relations should look beyond the 100-day plan. It will mutually benefit China and the US to deepen economic, industrial and trade cooperation, and push for closer and deeper cooperation in the high-tech markets, while gradually eliminating investment barriers.

US President Donald Trump and Chinese President Xi agreed to a 100-day plan for discussions on reducing the US trade deficit with China. It seemed to recognize that a stable US-China relationship is necessary to enable them to focus on their respective challenges.

2017 will likely be one of the most challenging years in decades for US companies in China.

The trade deficit is driven by U.S. government policies that influence domestic savings and investment, not by the policies of governments overseas. Unfortunately, the executive order seems premised on the mistaken notion that fixing trade-distorting policies of other countries would reduce the U.S. trade deficit.

Despite preliminary pessimism, the Trump-Xi Summit showed greater trade pragmatism than initially expected, even though it was overshadowed by a raw display of U.S. military power.

On March 31, U.S. President Donald Trump signed two executive orders to review the reasons why United States has trade deficits with some of its trading partners. The U.S.-China trade deficit is certainly an important topic of the review.